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September 26, 2007

Kansas Renewable Energy and Energy Efficiency Conference Wind 2007 RFP Update John Grimwade - Sr. Director Strategic Planning and Development. September 26, 2007. About KCP&L. KCP&L’s Comprehensive Energy Plan provides a balanced approach to meeting the region’s energy needs.

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September 26, 2007

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  1. Kansas Renewable Energy and Energy Efficiency ConferenceWind 2007 RFP UpdateJohn Grimwade - Sr. Director Strategic Planning and Development September 26, 2007

  2. About KCP&L

  3. KCP&L’s Comprehensive Energy Plan provides a balanced approach to meeting the region’s energy needs

  4. Spearville Wind Energy facility

  5. Comprehensive Energy Plan – Renewable Energy Additions • KCP&L’s original plan had targeted for 200 MW of wind additions by the 2008 timeframe • Through the collaborative workshops this amount was reduced in the base Comprehensive Energy Plan to 100 MW with a commitment for the stakeholders to consider a second 100 MW in 2008.

  6. KCP&L’s 2007 Wind RFP • Multiple options were requested to address alternatives for location timing, quantity and ownership structure • Both Kansas and Missouri sites were requested • Minimum of 100 MW of wind powered generation to be on-line by October 1, 2008 • Options for additional 300 MW of wind powered generation to be on-line by October 1, 2012 • Asked for both PPA and Build/Transfer alternatives

  7. RFP Timeline • Issue Press Release and RFP • March 29, 2007 • RFP’s due to KCPL • June 15, 2007 • RFP Evaluation Process • June - August, 2007 • Seek Regulatory and Stakeholder consensus • September – October, 2007 • Contract Negotiations • September - October, 2007 • Projected Construction Start Date • 2Q, 2008 • Projected Last Turbine On-line Date • 4Q, 2008 • Post 2008 Construction Activity Dependent Upon RFP Proposals

  8. KCP&L Received strong interest for projects to be completed in 2008 and from 2009-2012 • Missouri Proposals Received • Two proposals were received that offered a 2008 on-line date • Five proposals were received that offered a 2009 or later on-line date • Kansas Proposals Received • Nine proposals were received that offered a 2008 or 2009 on-line date • Seven proposals were received that offered a 2009 or later on-line date

  9. Screening Methodology – 2008 On-line Proposals • Preliminary Screening • High Level Analysis – Evaluated all proposals based on multiple factors • Assessed unacceptable risk for completion or operation of the project • BTA Proposals – Moved to final screening evaluation if they passed the High Level Analysis • PPA Financial Analysis – Ranked the PPA proposals from lowest cost to highest cost for proposals in each state then performed High Level Analysis • Transmission Service Impact Analysis – KCPL hired an independent engineering firm to perform a load flow analysis on those proposals that were moved to the final screening evaluation process • Final Screening – Using the financial and generational data provided in each proposal, along with the results of the transmission service impact analysis, a 20-year Net Present Value Revenue Requirements (NPVRR) analysis was performed to evaluate the impact of each proposal against a No Wind base case.

  10. The cost to install 100 MW of new wind capacity has increased 55% over 2003 cost estimates

  11. Financial Analysis of 2008 vs. 2009 Projects

  12. Required Renewables Estimate - Missouri & Kansas Utility Under Bingaman

  13. And the winner is???

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